UnitedHealth Group Incorporated (NYSE:UNH) Shares Purchased by Country Club Bank

Country Club Bank lifted its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,305 shares of the healthcare conglomerate’s stock after buying an additional 258 shares during the quarter. Country Club Bank’s holdings in UnitedHealth Group were worth $3,087,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Capital Management Associates Inc grew its position in shares of UnitedHealth Group by 11.0% in the third quarter. Capital Management Associates Inc now owns 4,552 shares of the healthcare conglomerate’s stock valued at $2,661,000 after purchasing an additional 452 shares during the last quarter. Lincoln Capital Corp grew its holdings in UnitedHealth Group by 0.8% during the 3rd quarter. Lincoln Capital Corp now owns 12,463 shares of the healthcare conglomerate’s stock valued at $7,287,000 after buying an additional 103 shares during the last quarter. Tarbox Family Office Inc. acquired a new position in shares of UnitedHealth Group in the third quarter worth $219,000. Lake Street Advisors Group LLC boosted its stake in shares of UnitedHealth Group by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 12,397 shares of the healthcare conglomerate’s stock valued at $7,248,000 after acquiring an additional 225 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its stake in UnitedHealth Group by 14.9% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 2,615 shares of the healthcare conglomerate’s stock valued at $1,529,000 after purchasing an additional 340 shares during the last quarter. 87.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. KeyCorp started coverage on shares of UnitedHealth Group in a report on Friday, October 11th. They set an “overweight” rating and a $675.00 price target for the company. Stephens decreased their price objective on UnitedHealth Group from $632.00 to $605.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. TD Cowen upped their target price on UnitedHealth Group from $601.00 to $609.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Royal Bank of Canada lowered their price target on UnitedHealth Group from $615.00 to $595.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th. Finally, Morgan Stanley decreased their target price on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, UnitedHealth Group currently has an average rating of “Moderate Buy” and an average target price of $615.53.

UnitedHealth Group Price Performance

Shares of NYSE UNH opened at $564.56 on Friday. The business has a 50-day moving average of $583.52 and a 200-day moving average of $537.42. The company has a market capitalization of $521.33 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 1.67 and a beta of 0.58. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.88. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $608.63.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, topping analysts’ consensus estimates of $7.00 by $0.15. UnitedHealth Group had a net margin of 3.63% and a return on equity of 26.37%. The business had revenue of $100.82 billion for the quarter, compared to analysts’ expectations of $99.14 billion. During the same period in the previous year, the company posted $6.56 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts anticipate that UnitedHealth Group Incorporated will post 27.61 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were paid a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.40 dividend on an annualized basis and a yield of 1.49%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 54.72%.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.